FCCPC Sets New Deadline for Digital Lenders in Nigeria, Names Over 100 Loan Apps on Watchlist

The Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria has announced a new compliance deadline for digital lenders to regularize their operations by April 2026. Tunji Bello, the FCCPC Executive Vice Chairman, warned that operators failing to comply by the deadline may face additional regulatory measures.

The FCCPC has already initiated enforcement actions against non-compliant operators. Additionally, the Central Bank of Nigeria (CBN) released the latest lending rates for Nigerian banks on January 9, 2026, to promote transparency and guide borrowers in making informed financial decisions.